Universal said:
Is the office building still in use at this time?
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I *think* CIBC had a good portion of the building - with CIBC Square coming online - I'm not sure if they vacated or not.
 
A Renx article suggests that demo here may be under way.

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From: https://renx.ca/hr-reit-remains-focused-on-its-repositioning-strategy

On the 12 storey, no change since the permit posted above, so demo permit not issued, no activity on permit file since July '24

On the 5 storey, permit is likewise NOT issued, and no sign of activity since last July.

If anyone is passing by this site, kindly make note if there is any indication of work.......without a permit....
 
Can't light interior demolition occur without a permit? They may just be completing work with doesn't require permits - i.e. removal of all furniture, stripping of valuable materials which can be done without a permit, etc.

Also interesting that they appear to be demolishing with no real intent to start on it's replacement. I thought the City generally avoided those situations?
 
innsertnamehere said:
Can't light interior demolition occur without a permit?
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You can certainly remove furnishings, and generally, floor tile, some fixtures, art etc.

You cannot remove plumbing, mechanical or electrical except for certain repair/replace as-is, without City/ESA permits.

You cannot add, remove or alter demising walls without a permit.

You generally cannot remove fire protection functionality, alter structure or remove services required for occupancy/safety .


innsertnamehere said:
They may just be completing work with doesn't require permits - i.e. removal of all furniture, stripping of valuable materials which can be done without a permit, etc.
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Could be.

innsertnamehere said:
Also interesting that they appear to be demolishing with no real intent to start on it's replacement. I thought the City generally avoided those situations?
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The City tightly controls residential demolition.

Generally, commercial is more lax, but would be controlled via the office replacement requirement, where that is waived.....
 
Matt Kingston from H&R noted that demolition of the office building is taking place this month. We'll see if it plays out like that

No timeline on construction of the new condo... unsurprisingly
 
Northern Light said:
If anyone is passing by this site, kindly make note if there is any indication of work.......without a permit....
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From tonight it looks like content removal only. Demo can’t be far behind.
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I didn’t check the bin contents.
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The ongoing underground street work on Yonge at Colborne is still going and going.
 
ProjectEnd said:
Incredible. They're going to demo a Peter Dickinson for some fake, phantasmagoria nonsense. I'd probably be less annoyed about the former if the latter weren't the ultimate ending.
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I agree that this isn't going to be built (maybe something much much cheaper will be built many years from now), but that leaves me confused re the demolition? What's the economics/business case for demolition? Is it possible that they could be losing money on rents not covering the property taxes? Does turning this into a vacant piece of land or parking lot possibly improve the economics? Or (most likely I figured) are they trying to get ahead of a potential heritage designation?

For the record, as I don't believe in these drawings, I would have preferred a heritage designation, because that way, once someone decided to pluck a generic condo on this lot (my expectations would be slightly higher with a purpose built rental), they'd be forced to keep the brick of the existing building (facadectomy), vs ending up with the almost inevitable blank/sterile sheet of glass at the ground realm here.
 
FormerTorontonianBackInTO said:
I agree that this isn't going to be built (maybe something much much cheaper will be built many years from now), but that leaves me confused re the demolition? What's the economics/business case for demolition? Is it possible that they could be losing money on rents not covering the property taxes? Does turning this into a vacant piece of land or parking lot possibly improve the economics? Or (most likely I figured) are they trying to get ahead of a potential heritage designation?

For the record, as I don't believe in these drawings, I would have preferred a heritage designation, because that way, once someone decided to pluck a generic condo on this lot (my expectations would be slightly higher with a purpose built rental), they'd be forced to keep the brick of the existing building (facadectomy), vs ending up with the almost inevitable blank/sterile sheet of glass at the ground realm here.
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I have not heard anyone suggest this building deserves or is getting heritage designation.
 
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